Wade Anthony Robertson - #217899
The following information is from the official records of The State Bar of California.
PO Box 20185
Stanford, CA 94309
|Phone Number:||(866) 845-6003|
|Fax Number:||Not Available|
||Undergraduate School:||See Registration Card;|
|CLA Sections:||None||Law School:||Stanford Univ Law School; Stanford CA|
|California Lawyers Association (CLA) is an independent organization and is not part of The State Bar of California.|
Actions Affecting Eligibility to Practice Law in California
Disciplinary and Related Actions
|Effective Date||Description||Case Number||Resulting Status|
|9/7/2013||Ordered inactive||09-O-19259||Not Eligible To Practice Law in CA|
|This member has no public record of administrative actions.|
Copies of official attorney discipline records are available upon request.
State Bar Court Cases
NOTE: The State Bar Court began posting public discipline documents online in 2005. The format and pagination of documents posted on this site may vary from the originals in the case file as a result of their translation from the original format into Word and PDF. Copies of additional related documents in a case are available upon request. Only opinions designated for publication in the State Bar Court Reporter may be cited or relied on as precedent in State Bar Court proceedings. For further information about a case that is displayed here, please refer to the State Bar Court's online docket, which can be found at: http://apps.statebarcourt.ca.gov/dockets.aspx
DISCLAIMER: Any posted Notice of Disciplinary Charges, Conviction Transmittal or other initiating document, contains only allegations of professional misconduct. The attorney is presumed to be innocent of any misconduct warranting discipline until the charges have been proven.
|Effective Date||Case Number||Description|
California Bar Journal Discipline Summaries
Summaries from the California Bar Journal are based on discipline orders but are not the official records. Not all discipline actions have associated CBJ summaries. Copies of official attorney discipline records are available upon request.
May 10, 2017
Wade Anthony Robertson , 49, of Stanford, was disbarred May 10, 2017, and ordered to comply with rule 9.20 of the California Rules of Court. The State Bar Court Review Department affirmed a hearing judge and found that Robertson engaged in a scheme to defraud and actually defrauded his elderly client, who was also his business partner, made repeated misrepresentations, causing his client to lose greater sums of money, and ultimately misappropriated $3.5 million of the client’s funds, which Robertson has not returned. Robertson also abused the litigation process by taking frivolous positions in civil and bankruptcy proceedings. Robertson's fraud was a years-long multi-million dollar theft from his client. A federal district court jury awarded the client $7 million in compensatory and punitive damages against Robertson. The award was affirmed in 2012, yet as of the time of the disciplinary proceedings, Robertson still had not returned any of the funds to his client. Robertson's massive misappropriation was unprecedented in the State Bar Court, which held that his "utter lack of remorse" mandated disbarment to protect the public, the courts and the legal profession.
March 31, 2017
WADE ANTHONY ROBERTSON [#217899], 49, of Stanford, was disbarred March 31, 2017, and ordered to comply with rule 9.20 of the California Rules of Court. The State Bar Court Review Department affirmed a hearing judge’s decision that Robertson defrauded his elderly business partner and client, Dr. William C. Cartinhour Jr., made material misrepresentations in the process and ultimately misappropriated $3.5 million of Cartinhour’s funds.Robertson also abused the litigation process by asserting frivolous positions in civil and bankruptcy proceedings. A federal district court jury awarded $7 million in compensatory and punitive damages against Robertson, which Robertson has not paid. In 2004, Robertson solicited Cartinhour, then a 77-year-old Maryland physician, to finance litigation expenses for plaintiffs in a class action alleging securities violations, Liu v. Credit Suisse Boston, pending in the Southern District of New York. Robertson never entered an appearance in the case but, working behind the scenes, told Cartinhour the case involved multibillion dollar claims with a high likelihood of success. He offered Cartinhour a fixed percentage of any recovery in exchange for his investment. Testimony later showed Cartinhour signed agreements without reading them and believed falsely that Robertson was acting as his attorney.Robertson used $2 million of Cartinhour’s funds for personal securities trading and persuaded Cartinhour to increase his investment, claiming the plaintiffs’ case was “unbeatable. In 2005 the district court dismissed the Credit Suisse litigation with prejudice, but Robertson continued to misrepresent to Cartinhour the status of the case as “on track. Robertson prepared last will and testament documents for Cartinhour in which Cartinhour appointed Robertson as the executor. Robertson solicited an additional $1.5 million from Cartinhour and used most of it for personal securities trading. When Cartinour’s suspicions led him to consult another attorney, Robertson accused him of breaching the confidentiality provision of their partnership agreement. Robertson refused to cooperate with another attorney’s request for an accounting and return of Cartinhour’s $3.5 million. A federal court found Robertson liable for breach of fiduciary duty and legal malpractice. A bankruptcy court sanctioned Robertson for unethical strategies and misrepresentation.The State Bar Court found Robertson committed acts of moral turpitude, dishonesty and corruption. It concluded that Robertson’s misconduct included significant aggravation and no mitigation.